Kuroda Stares Down Bond Volatility With Stimulus Unchanged
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Bank of Japan policy makers refrained from expanding their tools to address bond-market volatility, sticking with an April plan to double the monetary base as they seek to rekindle inflation and stoke growth.
BOJ Governor Haruhiko Kuroda and his fellow board members left unaltered the one-year fixed-rate loan facility the bank has tapped seven times amid a surge in 10-year government bond yields from a record low in April. At a press briefing in Tokyo, Kuroda said that the central bank will discuss longer funding operations if they become necessary.